Beyond the 7% headline: S&P maps the forces driving India’s next growth phase
India’s economy is set to grow 7% in FY27, according to S&P Global, which sees domestic demand, private investment, manufacturing, trade, energy security, renewable power, digital infrastructure and technology shaping India’s next phase of economic growth.
India's economy has delivered an impressive 7.7% growth in 2025-26, followed by another 7.8% in the first quarter of 2026-27. However, the latest research from S&P Global and Crisil focuses beyond this headline figure. While S&P maintains its outlook for India to grow around 7% in 2026-27, with support from domestic demand and public investment, the research delves into what India needs to build underneath this growth rate to sustain it.
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